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1.48% slightly higher international oil prices Tuesday, as generally weak economic data around, straight down the dollar to boost oil prices.
New York Mercantile Exchange, September crude oil futures settled at 82.55 U.S. dollars / barrel, up 1.21 U.S. dollars, or 1.48%; London, September Brent crude futures settle at 82.68 U.S. dollars, up 1.86 U.S. dollars. Data show that in June the euro zone producer price index (PPI) rose 0.3% monthly rate, annual rate of 3.0%, lower than market expectations; other UK construction PMI fell to 54.1 in July, a four-month low. While U.S. factory orders in June fell 1.2% monthly rate for the second straight monthly decline. Bad data yesterday, the dollar index fell nearly 0.4%. (Evian)
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